18
Mar
00:00
Chinese steel prices resume downtrend on housing, inventories
Chinese steel futures prices began their decline again on Wednesday, as weak housing data and rising mill inventories depressed sentiment. Crude steel production did appear to be moderating in line with the weak market however, Kallanish notes.
The October 2015 rebar contract on the Shanghai Futures Exchange closed the day down Yuan 31/tonne at Yuan 2,483/t ($403/t), ending a recovery which began last week. The May 2015 contract for hot rolled coil on the sa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous